PG Electro Plast Posts Over 100% Profit Growth in FY25

16 May 2025 CW Team

PG Electroplast Limited (PGEL), a leading player in Electronic Manufacturing Services and plastic moulding, reported robust growth in its audited results for FY25.

Consolidated revenues rose to Rs 48.70 billion, growing seventy-seven per cent year-on-year. Net profit surged one hundred and twelve per cent to Rs 2.91 billion, while EBITDA rose nearly eighty-nine per cent to Rs 5.19 billion.

In Q4FY25, revenue touched Rs 19.10 billion, with net profit doubling to Rs 1.46 billion. The Board approved a final dividend of Rs 0.25 per share.

PGEL’s product business recorded Rs 35.26 billion in revenue, up one hundred and eleven per cent. Room air conditioner sales saw a one hundred and twenty-eight per cent jump, supported by strong growth in washing machines and coolers. Subsidiary PG Technoplast contributed Rs 35.06 billion, while JV Goodworth Electronics added Rs 5.44 billion.

The company strengthened capacity with a second greenfield facility and collaborated with over thirty-five brands. It raised Rs 15 billion via Qualified Institutional Placement and invested Rs 4.88 billion in FY25 capex. PGEL projects FY26 group revenues at Rs 72 billion and expects net profit of Rs 4.05 billion.

With four new facilities planned, PGEL is focused on scale, capital efficiency and manufacturing leadership.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..